B.C. Housing Eases Before Expected Rebound

A provincial forecast expects B.C. residential sales to ↓~2% in 2026, with avg. prices ↓~1%, from ~$953K to ~$940K amid uncertainty for buyers.
Elevated active listings and new housing supply are giving buyers more options, while softer demand is expected to keep prices under pressure.
Lower Mainland submarkets show different paths: Greater Vancouver sales are forecast to ↓~1%, while Fraser Valley sales are expected to ↓~5% in 2026.
Household confidence remains the swing factor, as higher energy costs and everyday expenses shape budgeting, even with jobs being added and wages outpacing inflation.
By 2027, population growth is expected to normalize, supporting a potential sales rebound to ~74K units after ~68K expected in 2026 across B.C.